Big push in the states income and collections wearer is also recorded in September, bringing the primary surplus to 9.45 billion euros in total in the nine months of January – September 2025.
Especially in the month of September, the total net revenue (from taxes, etc.) of the state budget amounted to 6.204 billion euros, exceeding the monthly target by 373 million euros.
VAT revenues amounted to 2.193 billion euros and are up against the target by 138 million euros. The revenues of EFCs amounted to 668 million euros and are increased against the target by 20 million euros.
According to the execution data of the state budget, which was announced by the Ministry of National Economy and Finance, for the period January – September 2025 there is a cash surplus of 2.401 billion euros against the target for a deficit of 1.581 billion euros included for the corresponding period of 2025 in the introductory report of the 2025 budget and a surplus of 1.568 billion euros in the corresponding period of 2024.
The primary result – also on an adjusted cash basis – came in at a surplus of 9.449 billion euros, against a target for a primary surplus of 5.209 billion euros and a primary surplus of 8.735 billion euros for the corresponding period in 2024.
As specified in the ministry’s announcement, an amount of 2.073 billion euros related to the deferral of transfer payments of the regular budget and an amount of 650 million euros related to the deferral of payments of equipment programs do not affect the result of the General Government in fiscal terms.
In addition, an amount of 342 million euros of tax revenue of the first two months is fiscally counted in the year 2024.
Excluding the above amounts, the excess in the primary result on a modified cash basis, against the budget targets, is estimated at 1.175 billion euros.
According to the Ministry of National Economy and Finance, the primary result in fiscal terms differs from the result in cash terms. In addition, the above refers to the primary result of the Central Administration and not to the whole of the General Government, which also includes the fiscal results of Legal Entities and the sub-sectors of OTAs and OKAs.
Overall in the period January – September 2025, the amount of net revenue of the state budget amounted to 54.661 billion euros, showing an excess of 557 million euros or 1% compared to the target included for the corresponding period in the introductory report of the 2025 budget. services”), as well as tax refunds (VAT), the amount of 784.8 million euros from the transactions that were required to take place during the month of January 2025 for the completion of the new Attica Road Concession Agreement, which concern the year 2024 and are fiscally neutral.
The increase in net revenues against the target is observed, even though the target of the reporting report included the collection in June of the price of 1.350 billion euros from the Service Concession Agreement for the financing, operation, maintenance and exploitation of the Egnatia Road motorway and the three (3) vertical road axes, which was signed on 29 March 2024, between the Greek State on the one hand and TAIPED (now EESYP) on the other hand the company “NEA EGNATIA ODOS SA” as concessionaire. The next steps in the process until the payment of the price are expected to be completed in the coming months.
Excluding the above amount, net income shows an increase of 1.907 billion euros or 3.6% against the target, mainly due to increased tax revenues.
Taxes revenue before refunds was €52.722bn, up €2.088bn or 4.1% on target, mainly due to better performance in the collection of this year’s taxes (income taxes, VAT, excise duties, etc.) as well as a better performance of the previous year’s income taxes collected in installments until the end of February 2025. It is noted that the above concerns the comparison in relation to the budget objectives, while during the preparation of the Draft State Budget 2026 the relevant estimates were updated, taking into account the execution of the revenues.
In particular, the following are observed for the main taxes of this category:
- VAT revenues amounted to 20.378 billion euros and are up against the target by 645 million euros.
- The revenues of the tax authorities amounted to 5.525 billion euros, increased against the target by 102 million euros.
- Real estate tax revenues amounted to €2.109 billion and are €64 million above the target.
- Income tax revenues amounted to 19.796 million euros and are increased against the target by 964 million euros of which:
It is noted that with regard to the personal income tax, part of the collections appear in advance, due to the fact that the application for the submission of tax returns was put into operation already in mid-March.